Calima Energy (ASX:CE1) announced financial results for the quarter ended 30 September 2022.

Calingiri East ? Air core (AC) drill results at Ablett confirm a low grade Au system over >800m strike with affinities to Ausgold Limited?s Katanning gold deposits.

Calingiri West - MLEM surveying at Roses Prospect locates two large EM plates; at Anzac Hill MLEM shows two EM trends requiring ground folllow-up.

Bindi Bindi ? Auger sampling results show anomlous geochemical ratios of Cu vs Fe and Ni vs Cr, indicating ultramafics fertile for Ni-Cu mineralisation are present; MLEM mid-time anomalies coincident with magnetic units suggesting ultramafic units more widespread than thought.

Multiple high-grade Au results from rockchip sampling of dumps and historical drill holes; AC drill program assays further delayed by extraordinary laboratory delays.

Pursuit finalised the purchase of the Oriental tenement at Commando with the issuing of 4.88m shares (~$70,000) to the vendors.

The Board has resolved to allot an additional 5m Performance Rights to Mr Bob Affleck whilst Mr Mark Freeman has agreed to cancel 5m of his Performance Rights to better reflect the ongoing responsibilities of the Board members. At the AGM shareholders will also vote to approve the existing 55m Performance Rights price hurdles being adjusted to better align the vesting criteria and milestones attaching to the Performance Rights with the Company?s stated objectives and value.

Effective 1 August 2022 all Directors have agreed to convert 50% of their director and executive fees to shares.

Following the announcement the company?s share price fell 3.571%.